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Oxy, Partners Take Another Step to Advance Permian Carbon Capture Project

Oxy, Partners Take Another Step to Advance Permian Carbon Capture Project Occidental Petroleum Corp.’s vision to yank carbon emissions from the atmosphere in its top development, the Permian Basin, took a giant step forward Tuesday with the first engineering phase given the green light. Australia’s Worley Ltd. was awarded the front-end engineering and design (FEED) for the first of four phases of the direct air capture (DAC) facility planned for West Texas. When complete, the facility would be capable of extracting 1 million metric tons/year (mmty) of atmospheric carbon dioxide (CO2). The initial train, DAC 1, would represent the first commercial scale development to pull CO2 from the atmosphere. Oxy, as it is better known, is partnering with developer 1PointFive Inc. through Oxy Low Carbon Ventures LLC and with funding from Rusheen Capital Management LLC.

Worley (ASX:WOR) secures contract for carbon capture project

Worley wins direct air capture engineering deal from Occidental in US Permian basin

Worley wins direct air capture engineering deal from Occidental in US Permian basin
upstreamonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upstreamonline.com Daily Mail and Mail on Sunday newspapers.

India s maiden carbon-neutral crude purchase opens door for more | Hellenic Shipping News Worldwide

India’s maiden carbon-neutral crude purchase opens door for more India’s maiden purchase of carbon-neutral crude by Reliance Industries is a strong signal from the biggest private refiner of working toward its goal to become a net carbon zero company by 2035, a move that will also open up the doors for more such inflows, said Ravinder Kumar Malhotra, director general of the Federation of Indian Petroleum Industry. While India’s appetite for oil won’t be slowing anytime soon and peak demand is nowhere near, refiners will be accelerating efforts in coming years in finding ways to ensure they play their part in supporting New Delhi’s goal to reduce the country’s carbon footprint, he added.

Occidental Reschedules Fourth Quarter and Full-Year 2020 Results Due to Impacts of Severe

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Occidental Reschedules Fourth Quarter and Full-Year 2020 Results Due to Impacts of Severe . OccidentalFebruary 16, 2021 GMT HOUSTON, Feb. 15, 2021 (GLOBE NEWSWIRE) Occidental (NYSE:OXY) announced today it has rescheduled its upcoming earnings release and conference call due to impacts of the severe winter storm. The company will announce its fourth quarter and full-year 2020 financial results after close of market on Monday, February 22, 2021, and will hold a conference call to discuss results on Tuesday, February 23, 2021, at 1 p.m. Eastern/ noon Central. ADVERTISEMENT The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister.com/sreg/10150650/df971440ac.

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